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An analysis of AUM disclosure done by Cafemutual shows that India’s top 75 boutique MFD firms manage assets of over Rs.1 lakh crore as on March 2023.
The assets under advisory of these distributors range between Rs.9600 crore and Rs.500 crore.
Interestingly, of the top 75 boutique MF distribution firms, top 30 firms manage assets in excess of over Rs.1000 crore.
Please note that we have considered distribution firms which are promoted by individuals to make this list. We have excluded banks, national distributors having sub broking arm, stock broking companies, wealth boutique firms and individual MFDs.
Here is the complete ranking of top 75 boutique MFD firms:
|
Ranking |
Boutique MFD firm |
Founders/Promoters/Senior Management |
AUM FY 2023 |
|
1 |
Scripbox |
Atul Singhal and Sanjiv Singhal |
9,636 |
|
2 |
Sapient Wealth |
Amit Bivalkar |
8,842 |
|
3 |
Bluechip Corporate Investment Centre |
J Rajagopalan, J Rajaraman and J Kannan |
5,497 |
|
4 |
KNS Money |
MS Uppal and Kamal Khanna |
4,403 |
|
5 |
Integrated Enterprises (India) |
N. Gopalaswamy, Sriram Vaidyanathan, V Krishnan and S Natarajan |
3,465 |
|
6 |
Pranitya Wealth |
Pravin Bhalerao |
2,785 |
|
7 |
Fisdom |
Subramanya S V |
2,703 |
|
8 |
AM Unicorn Professional |
Surya Bhatia |
2,529 |
|
9 |
Three Cube |
Alwar Easwaramoorthy and Cinu Jones |
2,519 |
|
10 |
Wealth First |
Ashish Shah |
2,274 |
|
11 |
AD Naik Wealth |
Nikhil Naik |
1,977 |
|
12 |
MFA Capital |
Amar Pandit |
1,903 |
|
14 |
Beyond Life |
Ravi Jethani |
1,692 |
|
15 |
Jain Privy Client |
Vinod Jain |
1,586 |
|
16 |
Pine Wealth |
Bharat Raj Sikri, Mayank Kaurav,Mohit Agarwal, Mohit Tandan, Rahul Kukreja, Surjit Singh and Vishal Rai |
1,565 |
|
17 |
Capital League |
Sapna Narang |
1,436 |
|
18 |
Chadha Investment |
Ashish Chadha |
1,425 |
|
19 |
Leader Care |
Darshit Shah and Jigar Anjaria |
1,381 |
|
20 |
SJ Investment |
Pratap Trivedi and Rajnikant Trivedi |
1,367 |
|
21 |
Autus Wealth |
Ajay Laddha |
1,242 |
|
22 |
Aureus Wealth |
Asheish Surti and Minoo Engineer |
1,230 |
|
23 |
Peak Alpha |
Shyam and Priya Sunder |
1,227 |
|
24 |
Etica Wealth |
Gajendra Kothari |
1,201 |
|
25 |
SLA Finserv |
Ashish Modani |
1,180 |
|
26 |
Wiseinvest |
Hemant Rustagi |
1,145 |
|
27 |
Vista Wealth |
Ashish Goel |
1,074 |
|
28 |
Indus Capital |
Sanjay Sanghvi |
941 |
|
29 |
Maloo Investwise |
Dr. Ramesh Maloo |
911 |
|
30 |
Think Financial |
Amit Dani, Mandar Joshi, Parag Paranjpe, Ranjit Dani and Saurabh Ballal |
882 |
|
31 |
Abacus Mutual |
Mazhar Arif and Yasir Varawala |
882 |
|
32 |
Value One Up |
|
866 |
|
33 |
Safe Assets |
Killol Ringwala |
861 |
|
34 |
Finfreedom33 |
Nitin Patel |
843 |
|
35 |
I Can Financial |
Umesh Shukla |
820 |
|
36 |
Precient Financial Services |
Sangeeta Jhaveri |
818 |
|
37 |
Aevitas Capital |
Anurag Seth and Sumeet Arora |
812 |
|
38 |
Finnovators |
Amarnath Lal, Balvir Chawla, |
800 |
|
39 |
Ladderup Wealth |
Sunil Goyal and Raghvendra Nath |
775 |
|
40 |
Money Honey Financial Services |
Anup Bhaiya |
754 |
|
41 |
FinEdge |
Harsh Gahlaut |
749 |
|
42 |
VSRK Capital |
Swapnil Aggarwal |
733 |
|
43 |
Milestone Financial |
Jigesh Patel |
730 |
|
44 |
Bluechip Capital |
Ravi Kohli |
721 |
|
45 |
BFC Capital |
Vikas Singh |
701 |
|
46 |
Axiom Capital |
Deepak Chhabria |
700 |
|
47 |
Eurasia Capital |
Archhana Parikh, Arvind Pandey and Dharmesh Parikh |
695 |
|
48 |
Oswal Dhan |
Hitesh Jain |
689 |
|
49 |
Wealthcube Endeavours |
Chetan Bhatt |
685 |
|
50 |
Security Investments |
Sandeep Nanda |
684 |
|
51 |
Hum Fauji |
|
675 |
|
52 |
SKCL Capital |
SK Jain |
663 |
|
53 |
PMPK Wealth |
Pradeep Jain |
661 |
|
54 |
Vcare Investment Services |
Piyush Desai |
643 |
|
55 |
Mangsidhesh Investments Pvt Ltd |
Pranav Mazumdar |
641 |
|
56 |
Atomprive |
Nandini Loganthan, Padmini BS and Sandhya Krishnan |
619 |
|
57 |
SNS MFD |
Hitesh Shah |
614 |
|
58 |
Shalibhadra |
Siddharth Shah and Nishit Shah |
609 |
|
59 |
Dalmia Wealth |
Brijesh Dalmia |
602 |
|
60 |
Imperial Value Services |
Satish Pandey |
591 |
|
61 |
Reliable Investments |
Paresh Sukhtankar and Vinay Shetty |
591 |
|
62 |
Disha Finance |
Dilip Sahasrabudhe |
579 |
|
63 |
Monetonic Financial |
Anil Mhatre |
573 |
|
64 |
Shree Sidvin Financial Services |
Raman Gupta |
563 |
|
65 |
Power Pusher Financial Services |
Hanoz Patel |
562 |
|
66 |
Fortune Finserve |
Chandrakant Parekh |
547 |
|
67 |
MoneyJourney |
Jitendar Tayal |
534 |
|
68 |
Enrichwise Financial |
Kapil Jain |
528 |
|
69 |
Vete Associates |
Nitin Vete |
523 |
|
70 |
Merchant Finvest |
Anoll Merchaant |
512 |
|
71 |
YS Capital |
Yogesh Sharma |
511 |
|
72 |
Ultimate Wealth |
L Sridharan |
507 |
|
73 |
Investment Studio |
Ketan Rachchha |
487 |
|
74 |
Purple Pond |
S Saravanan |
481 |
|
75 |
Prakala Wealth |
Chokkalingam Palaniappan |
472 |
|
Total |
1.01 lakh crore |
||
